alstry (35.84)

And Benny The B calls this a Recovery?????

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A year after changing owners and 10 months after changing names, Cincinnati Mall is fading again.

Treehouse Kids Co. and the Guess Factory Store this month joined a growing list of tenants closing up shop in the region’s largest shopping center, formerly known as Cincinnati Mills and before that, Forest Fair Mall. Local real estate brokers say anchor tenant Bass Pro Shops is exploring options as its lease nears expiration, too.

Beyond the leasing woes, the property is one year late on payments required under a 2004 bond deal. Forest Park Finance Director Harlita Robinson said the mall’s new owners missed a $1.2 million payment last February. Another $1.3 million is due in a few weeks. The money is needed to cover debt service on $18 million in revenue bonds, used to finance a parking garage and road improvements.

Store after store, center after center, mall after mall, city after city..........America is simply shutting down......

When Benny The B raised interest rates on borrowers, lowered interest rates on savers, and made it much harder to get a loan in an economy where he and Alan The G engineered into a credit dependent domestic consumption based economy......any Fool could figure out that America would simply shut down into a Concentric Contraction......well most Fools.

Look what is happening to very affluent Georgetown near Motley Fool's headquarters.....

Rep. Ron Paul warns that if the country continues along the course it is on, we will witness a three stage slide into social and political chaos, beginning with the current financial crisis, a coming dollar crisis, and culminating in mass unrest.

“We are rapidly moving toward a dangerous time in our history. Society as we know it is vulnerable to political and social unrest. This impending crisis comes as a consequence of our flawed foreign and domestic economic policies, a silly notion of money, ignorance about central banking, ignoring the onerous power and mischief of out of control intelligence agencies, our unsustainable welfare state and a willingness to sacrifice privacy and civil liberties in an attempt to achieve safety and security from an inept government.”

#2) On January 23, 2010 at 1:20 PM, alstry (99.32) wrote Rep. Ron Paul warns that if the country continues along the course it is on ,Society as we know it is vulnerable to political and social unrest................ I do not believe that we have seen the worse of this crisis. Real unemployment Is over 17%,and I do not see It getting better any time soon. We have shipped all of our manufacturing jobs overseas,and while companies are able to (abuse) cheap labor,It still really does not help their bottom line when nobody here In the United States has a job to be able to purchase their products or services. What kind of jobs do college graduates look forward too once they complete their degree? Everything that we used to manufacture has gone overseas. We are now a service based economy,and nothing more. TS

North American Free Trade Agreement (NAFTA) NAFTA promoters - including many of the world’s largest corporations - promised it would create hundreds of thousands of new high-wage U.S. jobs, raise living standards in the U.S., Mexico and Canada, improve environmental conditions and transform Mexico from a poor developing country into a booming new market for U.S. exports.

Remarkably, many of NAFTA’s most passionate boosters in Congress and among economists never read the agreement. They made their pie-in-the-sky promises of NAFTA benefits based on trade theory and ideological prejudice for anything with the term “free trade” attached to it.

Now, over a decade later, the time for conjecture and promises is over: the data are in and they clearly show the damage NAFTA has wrought for millions of people in the U.S., Mexico and Canada. Thankfully, the failed NAFTA model - a watered down version of which is also contained in the World Trade Organization (WTO) - is merely one among many options.http://www.citizen.org/trade/nafta/ ts